In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we discuss some good technical opportunities in Gold and Oil.
It is no surprise that we have seen the Gold market strengthen bearing in mind the turmoil that has been caused by recent geopolitical events. From a technical perspective, we are looking to get into this market above yesterday’s high of 1475.35.
Moving onto the USOIL market, which has been taking a relentless beating over the last few months, is looking like it is close to seeing another leg lower. We can see a double bottom at the 53.38 level so a break below this price would constitute the next leg lower, perhaps down to the next level of support around the 50.50 level. Please note that we do have Crude Oil inventories later today which could be a volatile news event. Perhaps look to book in profits prior to this news event.
Good Technical Opportunities in Gold and Oil – Full Video Analysis
Take your trading to the next level with our 14 Day, No Obligation, Free Trial. You will soon discover why we are trading’s best-kept secret. We are successfully building the world’s largest group of profitable traders and would like you to be part of it.
You can join for as little as $19.99 per month, no contract, cancel anytime. Just one profitable trade with us per month covers this amount, the rest is pure profit. You will benefit from unparalleled access to our professional traders, our transparent trading performance, our LiveTradeRooms and access to the most comprehensive trading education on the market. What have you got to lose? JUST CLICK HERE TO GET STARTED NOW and see how real money is made!
